Kazakhstan may send crude to China for processing
Kazakhstan may send as much as 1.5 million metric tons of crude a year to refineries in China under so-called tolling arrangements, Novosti-Kazakhstan said, citing Oil and Gas Minister Sauat Mynbayev, Blomberg reported.
Kazakhstan is in talks with China about processing the crude in Chinese refineries to reduce its dependence on gasoline supplies from Russia, the Astana-based news agency cited Mynbayev as saying today. That will help the Caspian country to combat rising fuel prices, Novosti-Kazakhstan said.
In a tolling arrangement a company provides the feedstock and collects the finished product, paying a fee for processing.
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